In Re Worlds Of Wonder Securities Litigation

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that the auditors’ provision of “evidence indicating that the accounting decisions were reasonable negates the plaintiffs’ attempt to establish scienter”
• holding that plaintiff failed to show that accountant acted with scienter notwithstanding that accountant admitted that it had “full information” about the terms of its client’s allegedly fraudulent transactions
• holding that the bespeaks caution doctrine applies when the defendants' forward-looking representations contain sufficient cautionary language
• holding that a company had no duty to disclose performance figures for a quarter 14 that ended a month after its Debenture Offering in its prospectus
• holding that company was “under no duty to disclose the precise 7 extent of the anticipated revenue drop” where the “prospectus clearly warned that [the 8 company] expected lower net sales”
• holding that company was “under no duty to disclose the precise 7 extent of the anticipated revenue drop” where the “prospectus clearly warned that [the 8 company] expected lower net sales”

Source: CourtListener parenthetical corpus (CC0).